WILLIAM DONALD SCHAEFER, Governor

Ch. 110

(2) ESTIMATES A TAX THAT IS:

(I) LESS THAN 45% OF THE TAX REQUIRED TO BE
SHOWN ON THE RETURN FOR THE CURRENT TAXABLE YEAR; AND

(II) LESS THAN THE TAX PAID FOR THE PRIOR
TAXABLE YEAR.

(2) ESTIMATES A TAX THAT IS LESS THAN 45% OF THE TAX
REQUIRED TO BE SHOWN ON THE RETURN FOR THE CURRENT TAXABLE YEAR.

13-701.

(b) (1) If a person fails to [file a return and] pay
financial institution franchise tax or income tax when required
under this article, the tax collector shall assess a penalty not
exceeding 25% of the unpaid tax.

13-703.

(A)  If, with the intent to evade the payment of tax, a
person, including an officer of a corporation, or a governmental
unit makes a false financial institution franchise tax, income
tax, or sales and use tax return, the tax collector shall assess
a penalty not exceeding:

(1)  50% of the underpayment of financial institution
franchise tax;

(2)  50% of the underpayment of income tax; and

(3)  100% of the underpayment of sales and use tax.

(B)  FOR REASONABLE CAUSE, THE COMPTROLLER MAY WAIVE THE
ASSESSMENT OF A SALES AND USE TAX PENALTY UNDER THIS SECTION.

13-704.

(A)  If, with the intent to evade the payment of tax, a
person or governmental unit fails to file an admissions and
amusement tax return, a motor fuel tax return, or a sales and use
tax return when required under this article, the tax .collector
shall assess a penalty of 100% of the underpayment of tax.

(B)  FOR REASONABLE CAUSE, THE COMPTROLLER MAY WAIVE THE
ASSESSMENT OF A PENALTY UNDER THIS SECTION.

13-707.

(A) If an employer OR PAYOR, as defined in § 10-905 of this
article, willfully fails to withhold or pay over the income tax
as required in Title 10 of this article, the Comptroller may

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